Cips exams lab exactprep L4m2 Questions by Lilith q130 vce pdf

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Exam Name:	Defining Business Needs
Exam Code:	L4M2 Dumps
Vendor:	CIPS	Certification:	CIPS Level 4 Diploma in Procurement and Supply
Questions:	303 Q&A's	Shared By:	lilith

Question 56

A company assembles a large number of components into a series of finished products. The company has decided to add more finished products to its product range. They have decided that one of the current components will be used in the new range. What is this process known as?

Options:

Standardisation

Variety reduction

Value analysis

Value engineering

Discussion

Question 57

Which of the following is a potential driver of change in the manufacturing industry to help reduce costs

and increase efficiency?

Options:

E-commerce

Robotics

Omnichannel

Visualisation

Discussion

Question 58

A company is building a new two-storey office block and will need to purchase new desks and chairs. There will not be much space available. What should be included in the specification for these desks and chairs?

Options:

Technical drawings

A brand name

A list of inputs

Key performance indicators

Discussion

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Question 59

A supplier of software has received a request to quote for a product. The software supplier considers that the buying organisation making the request provides relatively little benefit or alignment to their own strategy. Which one of the following options describes how the supplier might react to the buyer?

Options:

The supplier will seek to exploit the situation and drive a high price

The supplier will attempt to foster a strategic relationship with the buyer

The supplier will provide the buyer with attractive additional software support benefits

The supplier will seek to offer the lowest price possible